Outlook for the Oil and Gas Industry in 2014

Amid a positive outlook for the industry in 2014, senior oil and gas professionals have forecast tighter monitoring of capital expenditure (capex) this year, according to new research. This comes as the industry sets its sights on developing the deep technical ability and smarter ways of working that are needed to access hydrocarbon reserves in new frontiers and maturing oil and gas fields.

Challenging Climates: The Outlook for the Oil and Gas Industry in 2014 is the fourth in a series of annual industry benchmark reports commissioned by the leading technical advisor to the sector, DNV GL. The company's Oil & Gas business area was formed after GL Noble Denton and DNV joined forces in September 2013. It draws upon more than 150 years of technical assurance and advisory services in the sector.

This complimentary industry outlook report provides a timely snapshot of industry confidence, priorities and fears, based on a wide-ranging survey of more than 430 senior sector professionals and in-depth interviews with industry executives.

In the report, senior industry professionals also provide some strategies for success in the year ahead, in addition to highlighting the top five scarcest industry skills, and their most – and least – favourable investment destinations.

Source: Commodities-now

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